US stocks climbed on Tuesday on upbeat economic data.
The S&P 500 gained 49.25 points, or 1.14%, at 4,378.07 points. The Dow Jones Industrial Average rose 210.66 points, or 0.62%, to 33,925.37. The Nasdaq Composite climbed 219.71 points, or 1.65%, at 13,555.49.
A report showed that new orders for key US-manufactured capital goods unexpectedly rose in May.
A separate report showed that sales of new single-family homes surged in May.
US consumer confidence also increased to a near 1-1/2 year high in June.
This week, more economic data is expected including a key inflation data, as well as Federal Reserve chair Jerome Powell’s speech at the European Central Bank Forum in Sintra, Portugal.
Bond market
The yield on the 10-year US treasury rose to 3.76% from 3.72% late Monday. The 2-year treasury yield rose to 4.76% from 4.74%.
Currencies
The US dollar rose to 144.05 Japanese yen from 143.45. The euro rose to $1.0961 from $1.0915.
Canada
Canada stocks on Tuesday extended its rebound from a three-month low, helped by gains for technology and consumer discretionary shares.
The Toronto Stock Exchange’s S&P/TSX composite index ended up 145.77 points, or 0.7%, at 19,733.09.
Europe
European shares surged on Tuesday, led by financials and luxury stocks.
The pan-European STOXX 600 index closed 0.1% higher.
European Central Bank president Christine Lagarde on Tuesday said euro zone inflation has entered a new phase which could linger for some time.
Britain’s FTSE 100 added 0.1% at 7,461.46. Germany’s DAX gained 0.2% at 15,846.86. France’s CAC 40 up 0.4% at 7,215.58.
Asia
In Asia, stock markets rose on Tuesday on China’s economic growth reassurances.
China’s Premier Li Qiang said the country’s economic growth in the second quarter would be higher than the first and was expected to reach the annual economic growth target of around 5%.
Hong Kong’s Hang Seng index rose 1.9% at 19,148.13. China’s Shanghai Composite: up 1.2% at 3,198.44.
Japan’s Nikkei 225 fell 0.5% at 32,538.33.
Australia’s S&P/ASX 200 index closed 0.6% higher at 7,118.2. In New Zealand, the benchmark S&P/NZX 50 index rose 0.1% to 11,649.20.
Energy prices
Brent crude for August delivery fell $1.92 to $72.26 a barrel on Tuesday. US crude oil benchmark for August delivery fell $1.67 to $67.70 a barrel.
Natural gas for July delivery fell 3 cents to $2.76 per 1,000 cubic feet.
Bullion
Gold for August delivery fell $10 to $1,923.80 an ounce. Silver for July delivery rose 13 cents to $22.96 an ounce.
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Updated: 28 Jun 2023, 02:19 AM IST